About Coupa
Coupa is a Technology company based in San Mateo (United States) founded in 2006 by Michael Jackson and Dave Stephens, and was acquired by Thoma Bravo in December 2022. Cloud-based end-to-end spend management software is delivered for businesses. Coupa has raised $169 million across 10 funding rounds from investors including T. Rowe Price, General Atlantic and Backstage. The company has 3,711 employees. Coupa has completed 22 acquisitions, including Cirtuo, Pana and Llamasoft. Coupa was last valued at $8 billion in December 2022. Its website coupa.com draws about 420 thousand monthly visits. Its Indian entity Coupa Software India Private Limited reported revenue of ₹321 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its competitors include Sage Group, Tipalti and Emburse; 2 of its 3 listed competitors have raised funding.
Company details
Coupa was established in 2006 in San Mateo, United States, as a provider of cloud-based software focused on spend management. Operations include procurement and invoice automation, sourcing, travel and expense handling, inventory optimization, contract oversight, spend analysis, data visualization, payment processing, compliance measures, and supplier relations. Coverage extends to sectors such as healthcare, hospitality, life sciences, and manufacturing.
- Headquarters San Mateo, United States
- Employees 3,711
- Founders Michael Jackson, Dave Stephens
- Stage Acquired
- SectorsTechnology
- Website category Computers Electronics and Technology · Programming and Developer Software
- Email••••••••
- Website coupa.com
- Social LinkedIn X Facebook
- Acquired by Thoma Bravo (Dec 2022)
- Legal Name Coupa Software India Private Limited
- Date of Incorporation 27 Aug, 2015
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹321 Cr
FY 2025 · +9% YoY
- Indian entity net profit₹31.92 Cr
FY 2025 · 10% margin
- Indian entity EBITDA₹48.70 Cr
FY 2025 · 15% margin
- Total Equity Funding$169M (USD)
in 10 rounds
- Latest Funding Round$1.2B (USD), Post-IPO
Jun 2020
- InvestorsT. Rowe Price
& 19 more
- Employee Count3,711
- Investments & AcquisitionsCirtuo
& 21 more
- Acquired byThoma Bravo
(Dec 2022)
Associated legal entities of Coupa
Coupa operates through Coupa Software India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coupa Software India Private Limited CIN U74999PN2015FTC156327 | Active | 27 Aug 2015 | Pune, Maharashtra | ₹321 Cr | 648 | 5 | View details |
Funding Insights of Coupa
Coupa has successfully raised a total of $169M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.2 billion completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $169M
- Total Rounds 10
- Last Round Post-IPO — $1.2B
- First Round $1.5M
(Mar 2007)
- Investors Count 20
All 10 funding rounds of Coupa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $1.2B | Post-IPO | – | – | – |
| Jun 2019 | $805M | Post-IPO | – | – | – |
| Jan 2018 | $230M | Post-IPO | – | – | – |
| Jun 2015 | $80M | Series G | – | T. Rowe Price, Iconiq Capital | |
| Mar 2014 | $40M | Series F | – | Meritech | |
| May 2012 | $22M | Series E | – | Crosslink Capital | |
| Feb 2011 | $12M | Series D | – | Mohr Davidow Ventures | |
| Sep 2009 | $7.5M | Series C | – | El Dorado Ventures | |
| Apr 2008 | $6M | Series B | – | Battery Ventures | |
| Mar 2007 | $1.5M | Series A | – | BlueRun Ventures | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Coupa
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $8B (Dec 2022). 20 investors in total: 20 institutional.
Investors in Coupa
Coupa has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include T. Rowe Price, General Atlantic and Backstage.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in technology companies are conducted globally by Battery Ventures. | battery.com | |||
Early-stage US investments in tech and offline sectors are targeted. | eldorado.com | Menlo Park, United States | ||
Venture capital is invested in various sectors by Crosslink Capital. | crosslinkcapital.com | San Francisco, United States | ||
Early-stage VC firm investing in the US | rallyventures.com | Menlo Park, United States | ||
Provider of investment management and real asset services | iconiqcapital.com | San Francisco, United States | ||
Private equity investments are directed toward US-based companies. | meritechcapital.com | Palo Alto, United States | ||
Northgate Capital is engaged in venture capital and private equity investments. | 2000 | northgate.com | San Francisco, United States | |
Venture capital investments are managed in technology and healthcare sectors by this firm. | mdv.com | |||
Venture capital firm that invests in fintech, digital health, enterprise software, and consumer experiences. | brv.com | |||
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States |
Investor details for Coupa
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Coupa Software India Private Limited (Coupa)
Coupa Software India Private Limited is the primary company behind Coupa. The board of Coupa Software India Private Limited currently have 5 directors; the longest-serving is Vijaykumar Gangadhar Ravetkar, appointed in 2017. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijaykumar Gangadhar Ravetkar DIN 00374456 | Director | 17 Mar 2017 | 9 yrs 7 mo | Coupa Software India Private Limited |
| Mathias Radtke DIN 10328185 | Director | 20 Sep 2023 | 3 yrs 1 mo | Coupa Software India Private Limited |
| Craig Newfield DIN 07866613 | Additional Director | 27 Jun 2024 | 2 yrs 4 mo | Coupa Software India Private Limited |
| James Robert Wing DIN 07877422 | Director | 19 Apr 2025 | 1 yr 6 mo | Coupa Software India Private Limited |
| Julia Derouen Taylor DIN 09528313 | Director | 11 Jun 2025 | 1 yr 4 mo | Coupa Software India Private Limited |
People of Coupa
585 people are tracked at Coupa (262 in leadership, 5 in board & advisors, 318 in team); the tracked headcount is 3,711.
| Name | Role | Group |
|---|---|---|
Michael Jackson | Co-Founder | Leadership |
Dave Stephens | Founder | Leadership |
Richard Larrabee | Regional Vice President - Supply Chain Sales | Leadership |
Rachana Agrawal Srivastava | Sr. Director, Customer Value - Strategic/mega Enterprises | Leadership |
Jennifer Grant | Senior Account Director, Federal Team | Leadership |
Sherman Yap | Director, Customer Value Management | Leadership |
Alex Fitzgerald Acma Cgma | Senior Director Of Global Accounting Operations | Leadership |
Carter Reue | Sr Director | Leadership |
Jason Powell | Senior Director Of Global Sales Compensation And GTM | Leadership |
Nari Viswanathan | Product Segment Marketing - Supply Chain (sr. Director) | Leadership |
Joseph D. Schembri | Sr. Manager, Supplier Partner Success | Leadership |
Laura I. Popescu | Head Of International Revenue Operations | Leadership |
Jameel A. Mayers | Director, Customer Value Management | Leadership |
Sanjib Gupta | Director Of Engineering, Data & Analytics | Leadership |
Martyn Murley | Area Vice President Of Sales EMEA | Leadership |
Jan Zeidel | Vice President Of Sales | Leadership |
Mariana Chaverra Cadavid | Customer Onboarding Partner | Leadership |
Branden Dyke | Sr. Director, Strategic Sourcing | Leadership |
Mike Caster | Director, Strategic Accounts | Leadership |
Philip Korsnes | Global Vice President, Go-to-market Revenue Operations | Leadership |
565 more people are available in the full profile.
Complete people profiles for Coupa
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Coupa
Figures of Coupa Software India Private Limited, the primary company behind Coupa, for FY 2025. Revenue was ₹321 Cr (+9% year on year). Net profit was ₹31.92 Cr (10% margin). EBITDA was ₹48.70 Cr (15% margin). Revenue has grown at a compounded annual rate of +15% over three years and +19% over five years.
- ₹321 CrRevenue · FY 2025 · +9% YoY
- ₹31.92 CrNet profit · 10% margin
- ₹48.70 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 648Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Coupa Software India Private Limited are on its company page.
Detailed financial statements for Coupa
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Coupa
Coupa has strategically engaged in corporate development activities, having acquired 22 companies. Notable acquisitions include Cirtuo, Pana and Llamasoft.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-based workflow automation software is provided for business processes. | tonkean.com | Tel Aviv, Israel | 2015 | May 2026 | •••• | |
Documents are processed and digitized via AI-based platform. | rossum.ai | London, United Kingdom | 2017 | May 2026 | •••• | |
Multi-category products are listed on an AI-driven B2B platform. | scoutbee.com | Wurzburg, Germany | 2015 | Oct 2025 | •••• | |
Procurement and supplier management tools are offered via web platforms. | cirtuo.com | Graz, Austria | 2008 | May 2025 | •••• | |
AI-driven travel concierge services are delivered via a subscription app. | pana.com | Denver, United States | 2015 | Mar 2021 | •••• | |
AI-based simulation and modeling software for supply chains is provided. | llamasoft.com | Ann Arbor, United States | 1998 | Nov 2020 | $1.5B | |
Treasury management software and service provider. | bellin.com | Ettenheim, Germany | 1998 | Jun 2020 | •••• | |
Cloud-based supplier management solutions are provided by ConnXus. | connxus.com | Mason, United States | 2010 | Jun 2020 | •••• | |
Business trips are organized and booked via an app-based platform. | eta.ai | San Francisco, United States | 2015 | Apr 2020 | •••• | |
Online flight & hotel fare tracking via data analysis for corporate travelers | yapta.com | Seattle, United States | 2006 | Jan 2020 | •••• |
Complete acquisition details for Coupa
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Coupa
16 dated milestones of Coupa across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Coupa is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Unicorn status.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Yapta.
- Acquisition Acquires Executive Travel App.
- Acquisition Acquires ConnXus.
- Funding Latest funding round, Post-IPO, of $1.2B.
- Acquisition Acquires Bellin.
- Acquisition Acquires Llamasoft.
- Acquisition Acquires Pana.
- Exit Acquired by Thoma Bravo.
- Acquisition Acquires Cirtuo.
- Acquisition Acquires Scoutbee.
- Acquisition Acquires Rossum.
- Acquisition Acquires Tonkean.
Competitors of Coupa
Coupa has 3 listed competitors in our database, 2 of them funded. They include Sage Group, Tipalti and Emburse.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sage.com | 1981 | United States | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | ||
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. |
Detailed competitors of Coupa
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Coupa
The website of Coupa (coupa.com) receives about 419.6K visits a month and ranks #92,655 among all websites worldwide, #2,042 in Programming and Developer Software.
- Monthly visits419.6K
▼ 6.6% vs previous month
- Unique visitors185.9K
per month
- Global rank#92,655
among all websites
- Category rank#2,042
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate42%
- Pages per visit4.0
- Average visit1 min 52 sec
- DevicesDesktop 56% · Mobile 44%
Websites whose visitors overlap most with Coupa. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| getapp.com | 100% | 675K | #99,060 | View details | |
| oracle.com | 99% | 18.1M | #2,347 | View details | |
coupahost.com | coupahost.com | 97% | – | ||
| github.com | 96% | 542.6M | #65 | View details | |
| spendmap.com | 93% | #11,119,180 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Coupa
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Coupa (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Coupa
Complete news archive for Coupa
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Coupa
Coupa was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Coupa is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Coupa is a funded company, having raised a total of $169M across 10 funding rounds to date. The company's 1st funding round was a Series A of $1.5M, raised on Mar 2007.
Coupa has 3,711 employees.
The primary company behind Coupa, Coupa Software India Private Limited, reported revenue of ₹321 Cr for FY 2025, up 9% year on year.
Coupa was established in 2006 in San Mateo, United States, as a provider of cloud-based software focused on spend management. Operations include procurement and invoice automation, sourcing, travel and expense handling, inventory optimization, contract oversight, spend analysis, data visualization, payment processing, compliance measures, and supplier relations. Coverage extends to sectors such as healthcare, hospitality, life sciences, and manufacturing.
Coupa's top competitors include Sage Group, Emburse and Tipalti.
Coupa has 20 investors. Key investors include T. Rowe Price, General Atlantic, Backstage, Northgate Capital, and Thoma Bravo.
The valuation of Coupa is $8B as of Dec 2022.
Coupa operates through Coupa Software India Private Limited.
Yes. Coupa was acquired by Thoma Bravo in December 2022.